Dell and Ingram Warn About Technology Demand

Dell and Ingram Micro, two of the biggest computer vendors, warned Tuesday that demand for info technology was weakening, adding to worries that the crisis on Wall Street would hurt corporate and consumer spending.

Neither company mentioned the financial sector, but they were the first major U.S. technology companies to warn investors since Lehman Brothers collapsed, Merrill Lynch was sold and American universal Group said it would need a huge loan to survive.

“When you see these failures on

Wall Street and the concerns that society have about banks,” said Shannon Cross, an analyst for Cross Research, “I think it does cause folks to pull back a little on their spending.”

Dell, the second-largest maker of personal computers behind Hewlett-Packard, said in August that customers were holding back on purchases.

“The company is seeing further softening in global end-user demand in the current quarter,” Dell said Tuesday. Dell added that it expected […]

Orginal post by dhiram

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